Miranda Technologies Inc.

Miranda Technologies Inc.

May 10, 2006 16:43 ET

Miranda announces executive appointments

MONTREAL, May 19 - Miranda Technologies Inc. (TSX:MT), a
global developer, manufacturer and marketer of high-performance hardware and
software for the television broadcast industry, announced today the
appointments of Mr. Richard Brice as President, Asia, and Mr. Darin Crosby as
Managing Director, Europe, Middle-East and Africa. These appointments are
effective June 1st 2006. Both appointees will report to Miranda's President
and Chief Executive Officer, Mr. Strath Goodship.

Operating from Hong Kong, Mr. Brice will be responsible for all of
Miranda's operations in the Asian market, where the company realized 12% of
its sales last year. "We are determined to take full advantage of the growing
opportunities that this market offers," said Mr. Goodship. "As our European
Managing Director for the past five years, Richard has given considerable
momentum to our European operations and I am confident that his experience and
drive will help us grow our business in Asia," he added. Richard Brice has
been a member of Miranda's management team since April 2001, when the Company
acquired Oxtel plc (UK), where he was Head of Sales and Marketing. Prior to
that, Mr. Brice worked as an electronics engineer in the R&D departments of
major international broadcast equipment firms.

Also, following Miranda's recent acquisition of VertigoXmedia, Mr. Darin
Crosby, formerly President of VertigoXmedia's Broadcast Division, will take
over Mr. Brice's responsibilities as Managing Director for Miranda's
operations in Europe, Middle-East and Africa, as well as the development of
Miranda's Playout and Graphics products. He will be based at Miranda's
European headquarters in Wallingford, in the UK. "Darin's extensive management
and sales experience will help us continue to grow our European business and
ensure that we maintain our leadership position in our Playout and Graphics
product lines," commented Mr. Goodship. Prior to holding a senior position at
VertigoXmedia, Darin Crosby had spent seven years at Miranda building the
Company's sales force in the Americas, as well as several years as worldwide
sales manager for a major video products company.

About Miranda

Miranda Technologies Inc. (TSX:MT) develops, manufactures and markets
high-performance hardware and software for the television broadcast industry.
Its solutions are purchased by content creators, broadcasters, specialty
channels and television service providers to enable and enhance the transition
to a complex multi-channel digital and HDTV broadcast environment. This
equipment allows customers to generate additional revenue while reducing costs
through the more efficient distribution and management of content as well as
the automation of previously manual processes. Miranda employs over 400 people
at its Montréal headquarters and in its offices located in Wallingford (UK),
Paris (France), Tokyo (Japan), Hong Kong, Beijing (China) and Springfield (New
Jersey). Miranda became a public company in December 2005 and is listed on the
Toronto Stock Exchange. For more information, please visit www.miranda.com.

Forward-looking Statements

This press release contains forward-looking statements reflecting
Miranda's objectives, estimates and expectations. Such statements may be
marked by the use of verbs such as 'believe', 'anticipate', 'estimate',
'looking ahead' and 'expect' as well as the use of conditional or future
tense. By their very nature, such statements involve risks and uncertainty.
Consequently, results could differ materially from the Company's expectations.
For detailed information with respect to risk factors affecting Miranda's
business, please refer to our annual information form under the heading "Risk
Factors", which is available on SEDAR at www.sedar.com. The forward-looking
statements contained in this press release represent our current expectations
and, accordingly, are subject to change. However, we disclaim any intention
and assume no obligation to update or revise any forward-looking statements,
whether as a result of new information or events or otherwise.

Contact Information

  • Investors, René Vachon, Executive Vice
    President & CFO, Miranda Technologies Inc., (514) 333-1772; Media: Jean
    Walter, Vice President, MaisonBrison/BarnesMcInerney, Capital Market
    Communications, (514) 731-0000; Claire Fiset, Corporate Communications,
    Miranda Technologies Inc., (514) 333-1772, ext. 3251; Source: Miranda
    Technologies Inc.